feoria  anli  (Drjnamka  Mail  Boab  C0. 


CONTRACTS  AND  AGREEMEIT 


WITH 


%  |lMs  Central  Sail  $0air  €a. 


JANUARY    31,    1857. 


NEW-YORK : 

CHATTERTON     &     BROTHER,     POINTERS,    102  MAIDEN     LANE. 
1857. 


c$\;lli  I 


PEORiAAND^-"'W^'  'J^f'^MPAKl 


Beveii  hundred  uixd  Uily  tiiiVdfrAiid  dollars  ot't.iC  lionds  oi  tjiis 
Compai'V  have  }m--.'..  ■.•<■!•< -J',  issn' d,  ai-.t  the  Trustees  submit: 
the  foliowing  stat"        '  the  above-nanied  securities, 

nnd  rho  provision  ra?.,ab  lor  x,ui  luivrost  on  the  same. 

These  .Bonds  are  F^r  O.  ■>  Tlumsaml  dollars  each.  ai.  .  .  . 
'.  .  .'ie  city  of  NeTv--li    ■  ■  (;  first ^da/y  of  April,  1882. 

iiitcrest,  z.t  the  rat  o  of  tiglu  pc/  '•  annum,  h  also  paya.bic 

in  New-York,  ser- '->'-!  .?■'!;':'  ••'!*■  (l5..\'<'-."    An;;!    -n.! 

October  in  each 

'ihe  payment  ot  Uie&u  iioiius  jts  secured  i»y  a  DcO'i  of  ''i.^u;-^ 
couvcyirig  to  "■'■"  Tv  ..'■'.,  ^  aivfw.n--  miles  of  the  Eastern  end  '  i" 
its  Rail  Hof  vbich. lies  between  the  St. 

Louis,/  .    '  .'the  State  of  Indiana. 

In';  -•■'^  -ill  the  same,  and  appro 

i'viti  ..i<l  Viond-.  iu  fonf'>vndtv 

V. !{     LJi''  !,::>.  ;;;;.j^  :        Tnist.' 

;  ■:.:!':-'  t.  loc  Trustees  tht  rent  T'nyahle  ^y  tho  Tt]ifo'«'  ^'-ertr;'! 
iluil  Road  Company  for  i,he  iv- 

■  '    ■   •■  ;Ti  K^ail  Road,  airK/imting  ..'.■■  u  -■  i^    •■jji  \--f--  i.:.t;;  --^  '  ^u'   ' 
t-nd  not  exceeding  .$75  000.  to  'c-  •;-;->p]ied  bjthe  Trns- 

■i.>:i  ila;  iu:ei-eisL  ou  tin:       '"  -  '■'  ■•- 

to  live  hundred  inclu.-". 
•-'.?£.''  To  II  Sinking  Fui)'  m  ^ 

""  the  said  hist  dcsciiocd  iive  iyuadrua  Bonais. 
.-,  v^^ii  dev  r\-t  1;..^  ..  '  rniTw  interest,  and  a  sli;...;,...;  ._..,, 

'nin_i^  pjiicei  of  Two  hundreoi 


The  Peoria  &  Oquawka  Kail  Road  is  now  completed,  and  in 
successful  operation  from  Burlington  to  the  junction  with  the  St. 
Louis,  Alton  &  Chicago  Rail  Road,  a  distance  of  145  miles. 
Its  connections  are  as  follows  : 

At  Burlington  with  Burlington  and  Missouri  Rail  Road, 
'•'    Galesburg     "       Chicago,  Burlington  &  Quincy      " 
"    El  Paso         "       Main  Line  Illinois  Central  " 

"    Chanoa  "       St.  Louis,  Alton  &.  Chicago  " 

The  further  extension  of  this  road  40  miles  East,  which  is 
now  being  rapidly  constructed,  will  give  the  Peoria  &  Oquawka 
Rail  Road  a  connection  with  the  Chicago  Branch  of  the  Illinois 
Central  Rail  Road,  making  a  direct  route  from  Burlington  to 
Chicago  via  the  latter  Road. 

Annexed  will  be  found  copies  of  various  documents,  including 
the  form  of  the  Bond,  which  will  more  fully  show  the  nature  of 
the  contract  between  the  Illinois  Central  and  the  Peoria  & 
Oquawaka  R.  R.  Co.,  and  the  duties  of  the  Trustees. 

WILLIAM  H.  OSBORN,  )  ^ 

J.  NEWTON  PERKINS,  S  ^'^^'^^^^- 


RESOLUTIOISrS 

OF    THE 

BOARD  OF  DIRECTORS 

OF    THE 

leoria  anli  (IDiiniituha  Bail  %m'^  Co., 

Pi(sse€l  March  11,  185T. 


Ordered,  That  the  Peoria  &  Oquawka  Rail  Road  Company 
issue  seven  hundred  and  fifty  Bonds,  of  the  denomination  of  one 
thousand  dollars  each,  to  be  secured  by  a  Deed  of  Trust  or  Mort- 
gage of  that  section  of  the  Peoria  &  OquaAvka  Rail  Road  which 
lies  between  the  Chicago,  Alton  and  Saint  Louis  Rail  Road, 
and  the  West  line  of  the  State  of  Indiana  ;  said  Bonds  to  be 
convertible  into  the  Stock  of  Peoria  &  Oquawka  Rail  Road 
Company  any  time  after  1865.  The  Deed  of  Trust  or  Mortgage 
to  contain  a  sinking  fund  clause  of  two  per  cent,  per  annum,  said 
bonds  to  bear  date  April  1st.  1857,  and  to  be  payable  April  1st, 
1882,  to  bear  interest  at  eight  per  cent,  per  annum,  payable  half- 
yearly  in  the  city  of  New-York. 

Ordered,  That  the  President  of  the  Peoria  &  Oquawka  Rail 
Road  Company  be,  and  is  hereby  authorized  to  execute  and 
deliver  the  Deed  of  Trust  or  Mortgage,  securing  the  payment  of 
che  seven  hundred  and  fifty  Bonds,  the  issuing  of  which  is 
authorized  above,  this  day  submitted  to  and  approved  by  the  Board 
of  Directors  of  the  Peoria  &  Qquawka  Rail  Road,  and  to  exe- 
cute and  deliver  the  seven  hundred  and  fifty  Bonds  therein  pro- 
vided for  to  William  H.  Osborn  and  J.  Newton  Perkins,  the 
Trustees  named  in  said  deed  or  mortgage,  by  them  to  be  applied 
under  the  contract  with  Cruger,  Secor  &  Co.,  for  the  building 
and  construction  of  that  portion  or  section  of  the  Peoria  & 
Oquawka  Rail  Road,  covered  by  said  deed  or  mortgage. 

Ordered,  That  the  Agreement,  or  Running  Arrangements, 
between   the  Peoria   &   Oquawka    Rail   Road    Company  and 


Crugt-) ,  Seooi-  &  Co.^  pari 

Central  Rail  Road  Gomf-a-iX',  ii  x'uc  .^ccuiui  part,  giViiig  ^o  Uu, 
s;i.k1  •<.r.'-.n,i  t>arty  the  v)','.  :..  i  ;.,  U;3  freight  trains  over  a  pov- 
iio;  piastern  i.  be  Peoria  &  Oqua^  ka  Kail 

'..  ..l,  aiiucr  certain  J] nil  ■  /iKiirions,  fully  set  forth 

ih  said  agrer^metit,  beau'l  .-.  .  .•  .        ..v-veby  approved,  aiid  th( 
President  of  the  Peoria  &  Oqiia^yka  Rail  Road  is  hereby  autho 
Ti;:r<i '<>  oxecafce  the  same 
■',,  :    '  \     TLtil  Road  ^  ■  ^v 

';iv--,.  i,  /eona  &;  Oqitairki: 

iv;ui  iv>;v',     ^ji}i:\Ki  ^ .  nr    i  ■ ;  '.  .;_>uard  '■    '  '     "  *''  "  ' " '■ 

of  Peoria,  Iiliiiols.  on  the  _■  .,rch.  "J8." 

V,  B.  CUKTISS, 


Ho. $1000. 


,  ■    ,  .         ■  ■  ,  v\  here'  V 
acknowledge 

Thaii^and  brdur^;  v  ih..!'!  .■    -  •    :.l  <i;-!-  ■•:  the  ut/K  . 
'■>rThc  Tllhn^:?  <'^ntr-  vatU>i:.'i.-5-i-.  ;n  '^^^^  O^tv  of  "^r^'•■■- 
.,  A:rcDl  11.^:1(0.1  ..it  tti'  •'  C-'iituii:  ^i:r  aauu:ii,  pj.^. 
. ' -■•  at  thn  ^a:Tv  7?''""  .rt  davt,  of  Octoi)ei:'  -^  ,.1 

itcipal  shail  !• 

iuiu  ^a  111','  bu.mi.U;.:  v.:  ^lit  i.."p.  ^ .i\u  ...lerest  warrants  ^-xr.. 


subscribed  by  its  President  and  Secretary,  this  first  day  of  April^ 
A.D.  1857. 

The  said  Rail  Road  Company  have  issued  seven  hundred  and 
fifty  Bonds,  all  of  this  tenor  and  date,  numbered  from  one  to 
seven  hundred  and  fifty  inclusive,  the  payment  of  which  is  secu- 
red by  a  Deed  of  Trust  conveying  to  Wm.H.Osborn  and  J.  New- 
ton Perkins,  sixty -five  miles  of  the  Eastern  end  of  its  Rail  Road, 
being  the  section  which  lies  between  the  Chicago,  Alton  and 
St.  Louis  Rail  Road  and  the  State  of  Indiana,  upon  Trusts,  in 
case  of  default,  to  sell  the  same,  and  appropriate  the  proceeds  in 
payment  of  said  Bonds,  in  conformity  with  provisions  contained 
in  said  Deed.  And  as  further  security,  the  said  Trustees  hold 
an  assignment  of  the  rent  payable  by  the  Illinois  Central  Rail 
Road  Company  for  the  use  of  a  section  of  the  Obligors  Rail 
Road,  amounting  annually  to  a  sum  not  less  than  $50,000,  and 
not  exceeding  ,^75,000,  to  be  applied — 

1st,  to  the  interest  on  those  Bonds  of  the  above  series  which 
bears  the  number  from  One  to  Five  Hundred  inclusive. 

2d,  to  a  Sinking  Fund  of  two  per  centum  per  annum,  for  the 
benefit  of  the  said  last  described  five  hundred  Bonds. 

3d,  the  remainder  to  the  accruing  interest  and  a  similar  Sink- 
ing Fund  upon  and  for  the  remaining  parcel  of  two  hundred 
and  fifty  Bonds. 

This  Bond  is  No. of  the  said  series, 

and  after  being  countersigned  by  said  Trus- 
tees, is  entitled  to  the  protection  and  benefit 
of  said  Trust. 

The  holder  of  this  Bond  is  entitled  at  any 

time  after  the  first  day  of  April,  1865,  on  sur- 

L.  S.  render  of  the  same  and  the  unpaid  interest 

Warrants,  to  receive  an  equal   amount   of 

Stock  at  par  in  said  Company. 

N.  B.  CURTISS,  President. 

Henry  Nolte,  Secretary. 

W.  H.  OSBORN, 

J.  Newton  Perkins, 


Trustees. 


(Coupons,  No.  1  to  50,  are  attached  to  each  Bond — Interest  payable  at 
the  office  of  The  Illinois  Central  Rail  Road  Company,  New-York. 


.riits  Indenture,  ate  of  Iliinci?, 

0  ■  he  eieventli  day  of  j>v!a-c:>,  :.  i '  '  tc  tJiousLind  eight  hundred 
s;U  lifty-Fcveii,  betAYoor  fhe  '*?"-:,  ^  (>fr:a-rlr-  R-iHKr.ad  Com- 
r.-ii".'.  a  lav-ful  corjice  .  ■     :'  the  first 

part,  aii'l  V'/iUiaio  ..  j    J^ev.t', .i  I  cikiiis,  r.U  of  the 

city  jf  H' -ycr'  vu  Tvusts  hereinafter  iimitecl,  of 

.sesses  power, ''v  the  laws  of  the 
•u.,t     .^  .ii'>)i<..';N  I-,.,  viv  •,:<■(;    jiad  maintain  a  Rail  Roadfronithe 

town  of  0(>wa\vka,  or.  th-  MifS!«?ippi  "River,  to  the  Indiana  State 

]irv:- 
.  Akb  V.'iiEUEAS'  the  o.ud  '.^jjapaay  has    con&tructeu.  its  Rail 

Road  fro!  ;  ita  Wf-sto?;     ■Jlirr\Ttion.  to  its  intersection  with  th-; 

<.  I:. . ;:;  ■  '■ !  Road,  in  the  county  ci'  McLean  : 

•a..d  iii  the  cvccuiiuji  !^f  oiud  »vor]i  hath  beconie  indebted  in  sun- 

th'V  bon^^s  n.iW   v-^.''  v;>li:!  '.  ''i,^   ,„  >-yi    r  t  of  TVhich  is  SOCUn  n  T-v 

'     .    '"  rees  of  so  much 

Bail  HoivJ.  iiue  as  .!■  ^h  tiio  points  oforesaid.  r 

vm'ti  ^.n'bpr'.!  ailthft  "  ^i-  ^'ul  Road  line  wK' 

Chicago  ds   Rail  Ho. 
^•>;  :.L.  .:.r  liidiana. 

And  WnKiiEAS  tLc;  ^iia  i.,-s!'  paity  is  aboat  to  con&rruot  iii^'- 
portica  ci  its  R?''  }':).vl -^^-Mch  I'cs  ■--s-'-nav';  ■)f  the  Chicago, 
.'Mt'  ■  ■    :,  V    ■  .    .       :  means  to  that 

end,  la  ai::Qui.  ;;d  isi-uc  s:.'v..-u  .Uuad;-::^!  a.;.d  lUty  iJond^,  nW  of  tha 
^orr.r.  uMl-^^.^.('  -hdc.  bro-iiv^  tb-  .k^^of  thp'^bst  Jav  of  Ani'^ 

p;; v,;i.c:>it  ot"  uL.~    iiioasUiid  cip^Jiirs,  at  ihe  Oj^ico  oi   the  .;.■ 
rea:rii]Rnillt,:id  C).i:?,n.av  ^fi  i\..    \l.'  of  Nc^v-Vo,.}:.  t„ 

'Yi  the  fir-    / 
A.D.  tme  thovi&ai  v-tMo,  \\xiU  tiitvue^ac 

'i:  the  r:!i<"  aI'  ,-i.  '  Piiyable  half-yearly: 

April  of  each  year; 


th»-'  oni,  Uier'^'.tvJi'* 


•  t  ,•.''  '"i  1  > '  1  i 


uio  pa;  jueni  of  the  respec- 
ontained  in  s;>id  Bonds, 
That,  ir  ■•'^hpidoration  of  the 


:i!t!.u  I..,  'ie};e;y 
.  bartrain  and 


cion  ef  if.s  Riill  Read  and  its  LiTjie  of  Rail  Road,  lying  befAvecn 
tke  I  rhe  Chieago,  Aitoh">'v'  St,  Lcuis  Company's  Rail 

Kofi<;  •  .  ..  i.\:v  "West  line  of  tiie  State  of  Indiana,  together  with 
allsaki  first  party's  right  of  way,  a ud  ail  its  other  rights,  privi]- 
^^l?es  ami  fra.achises,  ir^,  upon,  'or  pertaining  to  said  section, 
including' its  surveySj  field  notes,  p]:^rl3  and  profiles,  its  road-bod, 
mado  or  to  l<e  made,  its  track,  its  .statfons,  and  station  accommo- 
Nations,  ail  iron  spilcss,  chairs;  ties,  and  other  materials,  now  on 
iifin  \  .  '.liich  niay  be  hereafter  acpiired,  for  tbs  constriicticn  of 
vv?  i.  ■  ".ipcn  said  '*  ""tion,  and  likewise  the  benefit  of  all  con- 
I  :  party  hath  inade.  or  a^ay.  make  touching 

.iie  consirvy.iou  uiu  operating  the  same,  (cspoclally  fhe 
benefit  of  aH  contracts,  wbicli  are  or  may  be  made 
with  the  Blinoi^  Central  Eail  Eoad  Oompany ,  for 
tiie  iise  of  any  part  of  said  section,  and  the  right 
to  receive  all  moneys  which  may  be  duo  for  sueh 
X'iSe,)  intending  hereby  to  convey  to  said  second  parties  all  and 
evcij  ri/iit  and  interest  which  tbe  f;r--t  yjirty  now  has,  or  ma v 
i.    1 :  ,'.   ;  acquire,  in  the  above  d  f  the  first  par- 

■■    •  ^load,  the  same  being  -i  'usruict  a  sixty -five  miles 
+  ;  .'last  end  thereof  and  lyii-g  between  the  Ohicago,  Alton 

..i.uis  Rail  Road  and  the, -vv+jst  line  of  the  State  of  Indi- 
Lui .      i  :>  Have  and  to  Hold,  to  i Jieni,  the  said  Osborn  an'l  Per- 
kins, ,'us  joint  teiu;.ntfi,  and  not  r.  •  teriarjts  in  comiaon,)  and  to 
the  siirvivor  of  them  ahd  the  bed  signs  of  such  survivor, 

and  to  whomever  may  beccnrc  tiic  successor  of  the  Trusts  here- 
i'laftp?  lir.-itrd, 'r.  fce-r'mril^,  forever,  to  their  own  proper  nst- 
■■'■■•'.  ^ibieet  to  jfcud  upon  the  several 

TriiJ-Ls  Liw.c..>a:;ov  tw  ilicso  pre?(ent?  lindted  and  defined,  ond 
-excepting  the  rights  of  the  Illinois  (^enlTal  Rail  Itoad  Ccmpan}', 
to  the- use  of  a  part  of  said  RSi!dEvoad,dby  reason  of  their  con- 
tract aibresaid. 

And  the  first,  party  hereby  cov'jnunt^  wii-h  die  i:,'dd  parties  v.!' 
the  second  part,  ami  enoli  .,''  vV,-,  and  vritb  the  i^urvivor,  his 
ned~3  .id  assigns,  thar  >.l  autoi'ity  to  sell  and:  C07i- 

vey  the  premise-  ni  raakuer  aiul  ■bnn  as  is  above  written;  and 
that  the  ^^' ■•■(:'  ;>•  ■-  '■'■'■^^  ^-^  v  ■■"  -.-,,:  'vnncos  (except  as  is  above 
excepted;  i]^(V4efend  the   lawfijl 

possession  ritOi-e<.':  di.eir  heir 


10 

assigns  forever.  And  the  firsjt  party  doth  hereby  further  cove- 
nant, that  at  the  request  of  the  said  second  parties,  or  of  the 
survivor,  or  his  heirs  and  assigns,  at  any  time  hereafter,  it  will 
from  time  to  time  make  such  further  assurances  as  Counsel 
learned  in  the  Law  shall  believe  necessary,  to  assure  the  title 
of  the  grantees  and  their  assigns  in  the  -premises  hereby  convey- 
ed :  it  being  understood,  however,  that  nothing  herein  contained 
shall  impair  the  rights  and  interests  granted  to  The  Illinois  Cen- 
tral Rail  Road  Company  by  the  contract  aforesaid. 

And  the  parties  aforesaid  hereby  declare,  that  the  Trusts  for 
whose  execution,  this  Indenture  is  intended  to  provide  are  the 
following,  viz  : — 

1st,  That  the  said  Trustees  shall  permit  the  first  party,  and 
their  Lessees  and  Assigns,  to  remain  in  possession  of  the  premi- 
ses, and  operate  the  said  Rail  Road,  and  take  the  receipts  and 
earnings  of  the  same,  until  default  shall  be  made  in  the  payment 
of  the  interest  or  the  principal  of  the  said  Bonds,  or  any  of  the 
same,  or  in  the  payment  of  the  Sinking  Fund  as  is  hereinafter 
provided. 

2d,  That  said  Trustees  shall  receive  the  sum 
which  The  Illinois  Central  Rail  Road  Company 
shall  pay  for  the  use  of  any  part  of  said  Rail  Road, 

and  shall  invest  the  same  in  some  safe  and  productive  manner, 
until  the  same  shall  be  required  for  the  payment  of  interest,  or 
for  the  sinking  fund,  as  is  hereinafter  provided. 

3d,  That  said  Trustees,  from  the  receipts  of  said  rents,  shall 
first  pay  the  accruing  interest  upon  those  Bonds  of  said  series 
which  are  numbered  from  one  to  five  hundred  inclusive,  and  shall 
be  at  liberty  to  retain  annually  the  sum  of  five  hundred  dollars, 
in  full  for  their  compensation  for  managing  said  Trust. 

4th,  That  said  Trustees  shall  next  appropriate,  semi- 
annually, from  said  Rent,  the  sum  of  Five  Thousand 
Dollars,  as  a  Sinking  Fund,  for  the  redemption  of  the  said  five 
hundred  bonds.  They  shall  invest  the  same  in  the  purchase  of 
an  equal  amount  of  the  said  five  hundred  bonds,  bearing  the 
numbers  last  mentioned,  provided  the  same  can  be  procured  at  a 
price  not  greater  than  the  par  value  thereof.  When  such  bonds 
shall  be  obtained,  the  Trustees,  to  prevent  their  further  negotia- 
bility, shall  endorse  thereon  the  object  of  their  purchase,  and 


shi>ri  hc:  -.tjd  recem  and  dispose  ot  the  acgruiri;: 

intejiesi  i  ^■  ••!',..  ^  ,■;  ,,^.ich  immner  I'S  in  their  judgment  may  best 
work  tlie  red'^mprvt-p  on<lpayiiieiit  i  if  the  said  five  hundred  bond? . 

If  3:;  :    '.,  ■•.i-i  '         rained  at  a  price  noi  exceeding  their 

r  '•  - ":  ;:•;.  \i:.  .:;.; •.;',• .  ,-. 'lall  bc.  at  liberty  to  invest  the  amount 
0^  K,.i  ;  -riiivw:)-  "nnd  "'n  Ather  secnrities,  at  their  discretion, 
ap])lTinu:  purpose. 

^'•'.1,  it  g5!id  Tra*te«»  shall  no.^  apply  the  remainder  of 
v,ua.i  iiioj.  i,aayro^''  -'  '^  ^"•"•-  "■••■^'  ;  ";'•»•  "laking  the  appropri- 
ations before  mev  he  accruing  intcrch-i 
of  tho  r>  and  aity  bonds,  numbered  from 
livQ  hni!.:-,;  a:;.  -.  ■  r  , .;  ^  it  hundrod  and  fifty  inclusive,  ami 
U-:  t'l,  .■■Atablisbmeiiit  of  a  Shaking  Fund  for  the  redemption  therf- 
■y  shall  be  guided  by  the  provision? 

bonds. 

lie  first  party  d-  /  covenant  --yim  .    - 

pa.ru:,.  and  the  survivor  aiid  l.i.i  heirs  and  assigns,  sucvOSft.;..... 
iu  liiiS  'T'':'-'  y-^-i^vii'  ^^l^•  "^ruscoes  shall  receive  sc3v;-^;:;'i'.'„'^ 
of  said  :•  pay  the  accruing  iot-.' 

said  sevcM  huiiured  iux-l  niVy  bonds,  and  a  further  smii,  CM{udi  i:^ 
Fifteen  Thousand  Bo'^'^^:--.  'mnually,  to  enal^---  ti,,  •■   . 

providf>  for  said  Sinking  ■  said  compensaii 

t  it  will  siapply  dehoaencies  thereof  from  its   . 
•■''     •  ■    I'^nt  thero'^^  •"  ''■  •''I  prove  insufficient. 

'•bom?'  -^ymentof  the  prin;''P'\b 

or  the  accruing  inter  indred  a. 

bou'b.  or  in  the  due  pr-^  L:;.i  ni-.r  ::U'  /.:':r:.}n^  rund,  as  h.TOiii' 
fjrL-s::(;oiiied,  for;v~e^-v'  of  si'rtv  da'^^  rlrcr  thf-  ^n^i^e  nrnnv  ;^' 
the  same  shall  b 

=;■■■■    '"    .  .         .    'i-^ir^vU:  ^       -eiil-,  ^cvu  ^ame  ui:i..uiL  con- 

■:"i  •  ,  :iTjr'^:  0.1:-  ■•es^lon  of  the  promises  Here 

h,-::j,-:  ir  agents,  to  use,  operni': 

....  :  ..;-ik:  .  :  .,  ui^cFasthey  8i)all  ju '■ 

recrnre.     And  in  si:  . 

!>ey  wiil. 
;3*  or  ihoir  agent,  timu'  po.i- 
■'ibk''.  ■:•  ;n'oiv''c  1  fo  l>;i<-;  bv 


VV(    ■  ■    ,    ■  ' 

tbc 

peaceably  su 

irondo.' 

sp'-sIah  <■"  ;^ 

•-   ore  :' 

12 

are  hereby  authorized,  on  the  continuance  of  said  default,  to 
receive  the  revenues  of  said  section  of  said  Rail  Road,  to  expend 
the  same  in  payment  of  the  repairs  and  in  the  operation  thereof, 
and  to  the  expenses  and  objects  of  this  trust. 

And  (in  case  of  such  default  continuing)  the  said  Trustees  are 
hereby  authorized  to  sell  the  premises  herein  granted,  or  any 
part  thereof  (subject  to  the  said  contract  with  the  said  Illinois  Cen- 
tral Rail  Road  Company)  for  the  purposes  of  said  Trust.  Such 
sale  shall  be  made  at  public  vendue  at  Peoria,  in  the  State  of 
Illinois,  without  appraisal,  to  the  highest  bidder,  either  for  cash,, 
or  for  credit  not  exceeding  two  years.  The  Deed  of  said  Trus- 
tees shall  convey  to  the  purchaser  all  the  right,  title  and  interest 
of  the  first  party  in  the  section  which  may  be  sold,  together  with 
all  property,  surveys  and  writings  relating  to  the  same,  and  like- 
wise so  much  of  the  franchises  of  the  said  Company  as  are  or 
may  be  necessary  for  conveying  the  right  and  title  to  the  use 
and  operation  of  the  same. 

Notices  of  such  sale,  shall  be  given  at  least  forty  days  previous 
to  said  sale,  by  publication  in  three  newspapers  of  general  circu- 
lation in  the  city  of  New-York,  and  one  newspaper  in  Peoria, 
and  one  in  Chicago,  and  wherever  elsewliere  the  laws  of  the 
State  of  Illinois  may  require. 

In  case  of  such  default,  and  the  second  parties  shall  deem  it 
more  advantageous  or  more  safe  to  bring  the  premises  to  a 
judicial  sale,  in  the  due  execution  of  their  trust,  the  first  party 
hereby  covenants  with  them  that  it  will  consent  to  the  appoint- 
ment of  a  Receiver,  and  will  interpose  no  delay  by  injunction, 
continuance,  or  appeal,  or  otherwise,  to  the  same. 

In  case  of  default  continuing  for  sixty  days,  of  making  pay- 
ment either  of  interest  or  Sinking  Fund,  it  is  hereby  agreed 
by  the  first  party,  that  the  whole  principal  sum  contained 
in  said  bonds,  as  well  as  the  accrued  interest,  shall  become  due 
and  payable  ;  and  the  proceeds  of  such  sale,  when  made  by,  or  at 
the  instance  of,  the  second  party,  shall  be  appropriated  to  the 
purposes  of  this  Trust,  after  paying  the  expenses  of  the  same, 
and  the  expenditures  of  maintaining  and  operating  said  section, 
accounting  with  the  first  parties  for  any  surplus  remaining  after 
the  satisfaction  of  said  bonds. 

It  is  hereby  further  witnessed,  that  the  said  Trustees,  and 
each  of  them,  after  excercising  good  faith  and  ordinary  pru- 


13 

dence  in  the  performance  of  their  respective  duties,  shall  not  be 
answerable  either  for  the  neglect  or  default  of  any  co-Trustee, 
or  of  any  agent  by  them  appointed. 

And  it  is  further  provided,  that  one  Trustee,  with  the  consent 
and  written  appointment  of  the  other,  may  excercise  all  and 
each  of  their  powers  and  functions. 

In  case  either  Trustee  shall  resign,  or  shall,  from  death, 
absence  from  the  State  of  New-York,  or  from  any  other  cause, 
become  incapable  of  executing  his  duties  as  Trustee,  it  shall  be 
lawful  for  the  Board  of  Directors  of  The  Illinois  Central  Rail 
Road  Company  to  declare  that  the  office,  authority  and  title  of 
such  Trustee  hath  ended  :  and  thereupon  the  said  Board  shall 
nominate,  and  with  the  approval  of  the  first  party's  President 
for  the  time  being,  appoint  another  Trustee  in  his  stead,  and 
such  conveyances  shall  be  made  by  the  other  Trustee,  or  by  any 
other  party  to  this  Indenture  as  shall  invest  such  appointee  with 
all  the  title  and  power  of  a  Trustee,  as  fully  as  if  he  had  been 
an  original  party  to  these  presents. 

It  is  further  witnessed,  that  no  Trustee  shall  be  required  to 
take  any  step  in  the  execution  of  this  Trust  likely  to  subject  him 
to  expense,  unless  the  holders  of  said  bonds,  or  some  of  them, 
shall  give  sufficient  security  to  indemnify  such  Trustee  from  any 
such  liability.  And  the  said  Trustees  shall  be  at  liberty  to 
employ  counsel  learned  in  the  law,  in  all  suitable  cases,  whose 
reasonable  expenses  shall  be  a  proper  charge  in  their  accounts. 

The  said  Trustees  shall  keep  the  accounts  of  said  Trust  open 
to  the  inspection  of  the  first  party,  or  any  other  persons  holding 
its  interests,  at  reasonable  times,  and  shall  file  with  the  first 
party,  annually,  a  statement  of  the  same. 

Whenever  the  Sinking  Fund,  which  shall  come  to  the  hands  of 
the  Trustees,  shall  be  sufficient  to  provide  for  the  payment  of 
said  Bonds  and  the  purposes  and  objects  of  this  Trust,  the  first 
parties  shall  be  entitled  to  all  further  accumulations. 

Provided,  however,  and  these  presents  are  upon  the  following 
express  condition,  that  if  the  first  party,  either  from  the  resour- 
ces and  means  hereby  provided,  or  in  any  other  manner,  duly 
make  the  several  payments  of  interest  on  said  bonds,  as  the 
same  shall  accrue,  and  shall  pay  the  principal  of  the  same  when 
it  shall  become  due,  then  the  Trus+^s  hereby  created  shall  cease, 


I 


aad  the  Estate  ■  -■  ugtees-  without  any  fu . : 

be  done  or  ^ntrv  w  lui  i.-u  •.   ay  the  first  party,  shall  ix^co:iiL  v.. 
Kid  th'->  prcraises  iie;*eVr  '••i-i'veyoij  bi-oU  revest  ic  and  revert  ^  •  • 
il'  ■  the  first 

Aucl  It  is  further  '..  :.  tlut  the  pariies  of  the  second  part, 

severally  accept  i;;i.  ■  ;•  foressaid,  and  covenant  ^Yitll  the 

first  party  that  i  hem  \yill  execute    the  Trusts 

taerein  limited,  ailer  Llicif  u'uc  i/i tent  and  object, 

]v,  vW,  ,._    ■■■^.ovfiof, ;the  said  Peoria  &  Oquawka    nn:  jvaa 
C  ;nn)-^  -used  their  corporate  seal  to  be  hei'eunto  affixed, 

■aj;(i  t'  5    '>y  their  President;  and,  the 

^;;,,!  r.  .:iye  heronnt'-i '"^    if. .;.  i  ..,,  .. 

a.^  I  oc        .  .    ijove  written 

nd  Ouqawka  R.  H.  < 
^'    V'.  CURTISS,  I:r::uu,u'. 


in  the  presencv 


Sec'y 


E.  Lan. 


W.  H.  Ophokn. 

J.    '\  ll^Vrn  .    PeRKTN?!. 


.        .  blic  in  and  for  the  said  St;- i 

city  and  county,  tto  .hat  this  day  appeared  before 

me  Nathaniel  B.  Cuu.o;-  .ry  Nolte,  Avhose  names  appear 

3i-:':ned  to  the  foregoin?  ;'  -'''o  are  severally  knowr.  to  me 

ime  per;  ppear  sio;ned  thei 

!\eiAn  jv;ic iged  that  '•■,:  the  sanic  freely,  ariu  as  i'  r- 

act  aud    1cm  d  n!*  t'!-  nv'-yka  Rail  Koad  '^omyi?'.'^, 

forth'  -' 

coi,  -i  have  lieioiauo 
name  and  affixed  itiiy 
this  eleventh  day  of 

/Wi'T'-  _;,; :,  . 

\otai )/  Puhlic. 


15 

State  of  New-York.     ) 
City  and  County  of  New- York.  ) 

I,  Samuel  A.  PhilliiDS,  a  Notary  Public  in  and  for  the  said 
State,  city  and  county,  do  hereby  certify,  that  this  day  appeared 
before  me  J.  N.  Perkins,  (J.  Newton  Perkins)  whose  name 
appears  signed  to  the  foregoing  deed,  and  who  is  known  to  me  to 
be  the  same  person  whose  name  appears  thereto,  and  acknow- 
ledged that  he  had  executed  the  same  freely,  as  his  act  and  deed 
as  Trustee,  for  the  use  and  purposes  therein  expressed. 

In  witness  whereof,  I  have  hereunto 
subscribed  my  name,  and  affixed  my 
Notarial  seal  of  office,  this  twenty- 
third  day  of  March,  A.D.  1857. 

SAMUEL  A.  PHILLIPS, 

Notary  Public. 

State  op  Illinois. 
County  of  Cook. 

City  of  Chicago,  ss  :  Before  me,  a  Notary  Public  for  Chicago, 
in  said  County  and  State,  came  the  said  W.  H.  Osborn,  per- 
sonally known  to  me  to  be  the  signer  and  sealer  of  the  fore- 
going instrument,  and  acknowledged  the  same  to  be  his  free 
act  and  deed,  as  Trustee,  for  the  purposes  therein  expressed. 
Given  under  my  hand  and  Notarial  seal  at  Chicago,  this  27th 
day  of  March,  A.D.  1857. 

JOHN  B.  CALHOUN, 

Notary  Public, 

Endorsements. 

State  of  Illinois.      ( 
Livingston  County.  (  ^^  ' 

This  instrument  was  filed  for  record  March  31st,  and  record- 
ed in  book  L,  pages  515-16-17-18-19-20. 

1857.  B.  W.  GRAY,  Recorder. 

State  of  Illinois. 
Vermilion  County. 

This  instrument  was  filed  for  record  April  1st,  1857,  and 
recorded  in  book  S,  pages . 

SAMUEL  G.  CRAIG,  Recorder, 

per'W.  T.  Cunningham,  Dep. 


ss 


I 


This   insij:a]>iOui:  -s-i^A  iiiol  for  reCiia   ii>l   Apr- 

'V^'  ■  'i;   Clerk. 


'.na 


McLean  ( 

recorded  buuil 

i^n  1^1   '•'■>  ''O 


i-ccord  April  4,  1867,  and 
:  .  a^es  B68-69- 


iSiruraenr  was  filed  for  record 


y  and  S'  ■ 

ETER  DuT\,  Cier 

was  h[i:a  ioi'  recoru, 

-^-.,.-^     ,:■:  --^es 

rU  Court. 
"Oep.  Clerk. 

=  eritrol  Bail  Road  uampmj' 
Tho.  DirectwH  liavi));:     ' 
'he  aiTangf-merita  ^ouch. 
of  the  Peoria  ^  Oiim- 
Oruger,  Scfor  &  Cc^ 
certoiuRiiDn5ngAr. 
made  with  that  Compa.' 
1857. 
Rysoht 


Vo    ;;,  Jvu  ARvSist,  1867. 

«'  '^f  the  Illiroi? 

r  iivc  hundred  bonds 

.  iinpany,  from  Messrs. 

'  '  ■;  -ad  Coisipan}-.  for 

•'  •TTtjt'ncontra.ct 

•  'angary, 


Ids  Cpitt-. 
U  Msi-s,  Crager,  Secor 


v.<,'n  i.!'''.:.ce  lu  lihnc-is,  ara  upon  tr.  tv.-ruu.Mif  oi  um.'  ■•.••  ■ji^ci  oi 
this  (  orapany  that  the  title  of  th^  Trustees  to  the  said  Peoria  »fc 
Oqu;=vvaka  Rail  Road  CornpaRyj^  perfect,  is  authorized  to  ;-xe- 
cute  the  said  contract  for  the  sa^  Running  Arrangements. 

Attest:  ^^'  "^^  •  OKERMAN, 

Secrdaty. 


Thit  Agieemeiii;,  ;!-^-c  ai  ^  v-ul.  J,  ^  ■■. 

/^<vch.  in  the  year  one  thoiisq,i!  :  id  fifty-seven^ 

Between  the  Peoria  and  Oquawka  Eail  Eoad  Ooiu- 
pany,  of  the  first  part,  and  The  lUmoEs  Central  Rail 
Eoad  Company,  of  the  second  na^t  WitncBscth, 

'Che  first  party  agrees  to  pe, 
nuch  of  its  track  as  lies  between  ih''  ntersection  of  the  t^^(>lims 


of  Rail  Road,  near  Panola,  and  ' 
of  the  two  Rail  Roads,  near  Oru 
trainB.  and  to  supply  the  nycesi^av'' 
during  such  passage.     The  ^"v^ : 
between  these  points  in  g^< 
sary  supply  of  water.     Tb 
shall  he  regulated  by  the 
party  agrec-s  to  adjust  it.'5  t-; 
all  due  and  convenieiit  faci ; 
second  party  shall  send  up o^ 
I  hat  the  second  party  ma 
iunoli  of  the  first  party's  > 
'-g:  v'p  inaiu  line  a.nd  the  ;  ■ 
kS     ■ .  •  «  Rail  Road.     For 

f  the  first  ptiji 

:      ;,  ^      ;  I'  •  i  i    >  >,  K;;i.r  ty  OUC-half  Oi  it 

;  •    ■        : '  y  re  cei ve  for  the  tra,n  ^:>f\r 

lil  Eoad  or  any  [-art  tl 
LU  .:.■  '.iM  an<l  its  bi-anch.     5'or  i;- 
it  It  understood  betv^-ci;:!  tlie  part- 
The   Chicago,  AltO' 
Branch  of  the  Iliu:  ib  .;iiitia! 


wat«' 


•f  the  two  liuep 
(^  O'^^its  freiffi:, 


Ulg  ii.a.ld  fieigut  i, 

■"-^able,  and  the 
.nanncr  as  to 
:h  ireigbl  trains  as  .the 
'■'  ^r-^  ourLy consents 
■  iTjcnsatior!.  ,=o 


1  party  '.'■ 

i'u:    t-..;..  ^v     V  UiCh  rht!  S( 

'■rioT!  i)f  fv';'ii>-bt  lioon  tb.i 


>,  +v 


18 

of  the  second  part  for  the  transportation  of  freight  of  like  des- 
cription upon  the  second  partlj's  Rail  Road,  but  the  first  party 
reserves  to  itself  the  right  to  transact  all  local  business  upon  its 
own  line  of  Rail  Road,  and  the  parties  hereby  agree  that  the 
same  is  not  embraced  within  the  scope  and  spirit  of  this  agree- 
ment. 

The  second  party  shall  keeps  its  accounts  of  said  transporta- 
tion open  at  reasonable  times  to  the  inspection  of  the  first  party 
or  its  Lessees,  and  shall  make  monthly  payments  of  the  first 
party's  share  of  said  earnings  at  the  second  party's  office,  at  Chi- 
cago, either  to  the  Trustees  of  Mortgage  upon  said  section  of  said 
Rail  Road,  or  to  whomever  may  be  thereto  lawfully  entitled. 

The  second  party  hereby  guarantees  that  it  will  annually  pay, 
under  the  above  arrangement,  during  the  whole  of  said  term  of 
twenty-five  years,  a  sum  of  not  less  than  Fifty  Thousand 
DollarS)  and  the  first  party  consents  that  the  second  party  may 
retain  all  which  it  may  receive  for  transportation  upon  the  first 
party's  Rail  Road  beyond  the  sum  of  Seventy-five  Thou- 
sand Dollars  per  annum.  In  case  the  track  shall 
become  broken,  or  in  disrepair,  the  first  party  shall  immediately 
repair  the  same  on  notice,  and  maintain  it  in  good  running 
order;  if  repairs  become  necessary  before  notice  can  be  given, 
the  first  party  shall  repay  to  said  second  party  such  reasonable 
expenses  as  it  shall  incur,  either  for  repairs,  or  the  supply  of 
water,  or  any  other  necessary  purpose. 

The  second  party  shall  supply  the  fuel  required  for  its  own 
trains,  and  shall  have  the  right  to  use  the  stations  and  station 
accommodations  of  first  party's,  for  the  trains  which  second 
party  is  entitled  to  run  over  said  first-mentioned  section  of  first 
party's  road. 

This  Contract  shall  become  binding  at  the  time  when  the 
track  between  the  two  points  shall  be  open  for  use,  and  shall 
continue  for  the  period  of  twenty-five  years  from  said  time. 
And  whereas  the  parties  intend  that  the  sum  which  the 
second  party  hereby  agrees  to  pay  as  rent  for  its  use  of  the  above 
described  section  of  the  first  party's  Rail  Road,  shall  be  applied 
first,  to  pay  the  interest  and  provide  the  Sinking  Fund  of  five 
hundred,  (numbered  from  one  to  five  hundred  inclusive)  of  the 
seven  hundred  and  fifty  bonds,  of  one  thousand  dollars  each, 
secured  by  a  deed  of  Trust,  of  said  sections,  of  which  W.  H. 


19 

OsBORN  and  J.  Newton  Perkins  are  Trustees,  the  balance  of 
said  rent  to  be  applied  towards  paying  the  interest,  and  providing 
for  the  Sinking  Fund  of  the  balance  of  said  bonds,  to  which  deed 
reference  may  be  had  for  a  specification  of  the  exact  conditions 
and  limitations  of  said  trust.  It  is  therefore  further  agreed, 
that  it  shall  be  the  privilege  of  the  second  party  to  require  that 
this  contract,  and  all  the  terms  and  conditions  thereof,  shall  remain 
in  force  after  the  expiration  of  twenty-five  years,  until  all  and 
each  of  said  bonds  shall  be  paid. 

And  Whereas,  Messrs.  Crugcr,  Secor  &  Co.  being  contrac- 
tors for  the  construction  of  the  above  described  section  of  said 
party's  Rail  Road,  have  acquired  certain  interests  and  privile- 
ges therein,  Now  These  Presents  Witness,  that  they,  the 
saidCruger,  Secor  &  Co.  hereby  become  parties  to  this  arrange- 
ment and  give  their  assent  to  the  same,  and  likewise  to  the  making 
and  delivery  of  the  above-named  proposed  bonds  and  mortgage, 
so  that  this  agreement,  and  each  provision  thereof,  may  be  car- 
ried into  full  effect  after  the  true  intent  of  the  parties. 

It  is  hereby  expressly  understood  and  agreed,  that  nothing 
herein  shall  be  construed  as  conferring  upon  the  second  party 
the  right  or  privilege  of  transporting  upon  the  first  party's  Rail 
Road  any  freight,  the  point  of  delivery  of  which  is  West  of  the 
junction  of  said  first  party's  Road  and  second  party's  main  line 
of  road. 

In  case  this  agreement,  from  any  cause,  fail  to  give  authority 
to  the  second  party  to  use  any  portion  of  the  Rail  Road,  as  it 
above  guarantees,  then  the  second  party  shall  be  required  to  pay 
to  the  first  party  only  a  just  proportion  of  its  receipts  for  trans- 
portation upon  such  portion  of  the  first  party's  Rail  Road  as  it 
may  rightfully  use  by  force  of  this  agreement. 

Tlie  Feoj'ia  ^'  Oquwaka  R.  R.  Co. 
[l.  s.]  {Signed)  by  N.  B.  CURTISS,  PresU, 

Henry  Nolte,  Sec.  P  <^  O.  R.  R. 

Cruger,  Secor  &  Co. 
Chas.  A:  Secor,  )  By  Saml.  Gilman, 
Jas.  F.  Secor,    \  their  Att'y  in  fact. 
Sam'l.  Gilman. 
Wm.  H.i  Cruger. 
Thos.  C:.  Fields. 

The  Illinois  Central  Rail  Road, 
By  W.  H.  OsBORN,  PresH. 


■'lie  following  adflition;  - 

liie  President  of  tlie  Peoria  C;^  v-'ijiiacvuica  il.  li.  t . , 

Tiie  Bonded  Bcbt  on  a^V  ibiks  of  ?l;e  P.  .^  '\  \l   K.  frou; 
Burlitigton  to  the  Indianii  l;;ij(/to  lin- 
S  p       ■•■  '    '  ct,  Mortgage  Iicind^,  Vv  estCi:n  iJiv;5<  ju, 
(Interest  prr  '  Jec'  nn-  tinder  a  rur  niug 
arrang6mer  ;he  Chicago  aiid 

Burlingio);         •  ^oOO.OOO 

.  p..  ....;.,  ;id,  Mortgage-  ;.....:.     ^.T'OnoOO 

8  ner  (^ent.  1st,  Morf^ag  Exten- 

sion (first  lifLy  luues)  ,  iSdOO.OuO 

U.I:,  Mortgage  sinking  mnu  Jo;.:'.:, 
(Eastern  Bxteusian,  Second  Division)     !fi^750,0{r.} 

It  will  be  '.ing  ttrrangement, 

wliic'li  is'lierc-.viLa  uu^icxeu,  ci.ai  tiie  interest  and  sini:;;.:. 
on  t<.>00;n'?""-'  .;T  the  la.i--Vii\,!'of;t^  Bond?.  \u;T(il.-'r;^d  fVvn:  . 
five  hup  .  i     -:     ■ 

■Road  Co.  Fiity  TilOilStiiid  JDoIiai'S,  per  iUiiiuai,    bcuici  .::- 
^r,>T,;, ;.•;■••  :,^r.!:  i   1:    ]i.'  r;j;;1  !>v  i.^.,^   Company  under  said  ruj^ 

■^nfi'lently   expected   ry 
jpuav,  ii'dt  D»ui  !  aiijoout  to  full}  SeventV' 

,  ..    AKousand  Dollai^>  ,        .:.;ni!m,  thereby  =f. •,..•;-  ••  rl  ■ 
,.  i-est  avid  sinkini^  fund  npOii'tLe  whole  T60,0f 


Tbe  balance  of  tlit'tonti  ■  namij?tare 

means  f               .  led  for  by 

s5Cripti0!^i'  ■->■''■■   ''j    H,-,  ■ '■'  ^''■t' :•:•■■ 

■  I  t'f^re  bv-nds  or-  this  d . 

:ftbefl;  ^i.  oonnectiono 
.^,  -  ^  v..  R.  Compu;  ;.  t.i                    •     ^.f  Its  Toad    hat>    ,.._MV 
co'ijo  allxed  fa/'f    <heref(>,                s'-^e,  n'v  renson  why  it'? 


Bonds,  being  so 


^+.^4*****'**^ 


Horliff^'^- 


fi.  fi . 


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^^hrj_^-.J.t!^ 


'Jmia^ 


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ROAD 


-ty   * 


fpieeVWifBni       sij 


M      \jU(jiajaT 


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'■'lie  tblkwing  additionai  rlateijient  of  facts  is  siibmit- 
me  President  of  tie  Peoria  ^|  Oquaivaka  R.  R.  Co. 

Tiie  Bonded  P-u'-  f>n  ?«>V  ^iles  of  the  P.  d.  0.  R.  R.  froii: 
Ruvlirigton  tc  •  line  is  as  follows ' 

8  per  cent.  Ixi,  .vi,::-^p^o  i   luds.  Western  Divislou, 
(Interest  pr^  'dcd  fov  ttrJer  a  rurniag 
arrangf"  ,!        'hicago  and 

Burllni:'  •h)      '     ■     ■     «     •     •     $oij:j  00' ' 

8  per  cent.  2d,  Mon^  . ^  ^  •'  ^Yrstcrn  Division,     fsT^OOOt; 

8  per  cent.  Ist,  Mor^ag'  cm   £r:. 

sion  (first  \.\ilj  iiiwti.)  ......     '^ioUU.USjO 

8  per  cenl::  L^i.  Mortgage  sinkirig  fund  Bonds, 

'  :T      ;  a  Exteusion,  Scc<:.nd  Division)     $'750,000 

It  will  be  obe<  irrangerr.ent,  m    copy  o.' 

wliieli  is'berevritn  .i>i;je,vev-,  vhni  ciic  :;i*erest  and  sinkiu;.'   '"    :  ■ 
on  .f'oOOjOOO  •"'+'  tbo  la:r-riar-'f;(4  Bond?,  numbered  from  . 
ftve  liundred  Ivo  Illinois  Centr- 

iLud  Co.  Filly  XilCvi.iit.llt.  DoJei'^,  per  annum,   bei^i^.  c;- 

-v-M'>--i;:v  , vr '■:":],  t:-  bo  pnvl  bv  tb-i"  '^vv  iiit  ;:ndc'-  ~nid  r-jy- 


-■    '^'"^lOllsand.  Doll^^^^.   ro;-  ;iy:nr;:o,  tbr;rei>y  securing  tb' 
'ud  sinking  !''■        ■       ''         ■'  ■  nds,  exeb?- 

;.R.Oom- 

•fi  lance  of  '  iana^tate 

means  f  >  'br  by 


becopDe  a  fixed  fact,  r 
Bonds,  l^eirjg  so  .' 


